CANADIAN EMPLOYMENT (JUNE 2025)

Canadian employment increased by 0.4 per cent from the previous month, gaining 83,000 jobs to reach 21.061 million in June. The employment rate rose by 0.1 points to 60.9 per cent, while the unemployment rate fell by 0.1 points to 6.9 per cent.

Average hourly wages rose 3.2 per cent year-over-year to $36.01 last month, while total hours worked increased by 1.6 per cent compared to June of the previous year.

Provincial Highlights: British Columbia

Employment in B.C. rose by 0.2 per cent to 2.968 million, gaining 5,000 jobs in June. Employment in Metro Vancouver rose by 1.1 per cent to 1.735 million.

The unemployment rate in B.C. fell by 0.8 points to 5.6 per cent, while Vancouver's unemployment rate fell by 0.6 points to 5.8 per cent in June.

Economic Context

June's jobs report marks the first meaningful increase in employment since January, breaking a trend of largely stagnant job creation in 2025. Notably, the vast majority of employment growth was concentrated in part-time positions, reflecting greater demand for temporary roles across many industries during the summer.

Moreover, the Canadian labour market remains relatively weak, with the national unemployment rate hovering near its highest level since the pandemic. This report likely supports a neutral stance from the Bank of Canada and a potential rate hold at its upcoming meeting, though resurgent tariff risks may complicate the Bank’s outlook.

Source: BCREA

MLS® Listings in North Vancouver | Homes for Sale

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$895,000

1515 Eastern Avenue 1304, North Vancouver

2 Beds 1 Bath 1,025 SqFt Residential MLS® # R3057084

Real Broker

$2,463,120

1333 East 8th Street, North Vancouver

0 Beds 0 Baths 0 SqFt Land MLS® # R3057063

RE/MAX Crest Realty

$589,000

630 Roche Point Drive 104, North Vancouver

1 Bed 1 Bath 759 SqFt Residential MLS® # R3057012

Sutton Group-West Coast Realty

$1,698,000

650 W Keith Road 1, North Vancouver

4 Beds 3 Baths 2,072 SqFt Residential MLS® # R3056980

Bellevue Realty Group

$4,395,000

5141 Sarita Avenue, North Vancouver

6 Beds 5 Baths 5,204 SqFt Residential MLS® # R3056944

Royal LePage Sussex

$529,000

140 E 4th Street 216, North Vancouver

1 Bed 1 Bath 634 SqFt Residential MLS® # R3056880

Macdonald Realty

$1,699,000

1491 Dempsey Road, North Vancouver

3 Beds 2 Baths 1,694 SqFt Residential MLS® # R3056839

Rossetti Realty Ltd.

$2,299,800

432 E 1st Street 2, North Vancouver

5 Beds 5 Baths 2,698 SqFt Residential MLS® # R3056878

Oakwyn Realty Ltd.

$2,498,000

637 Alpine Court, North Vancouver

5 Beds 3 Baths 2,656 SqFt Residential MLS® # R3056813

Heller Murch Realty

$1,065,000

1632 Lions Gate Lane 606, North Vancouver

2 Beds 2 Baths 920 SqFt Residential MLS® # R3056795

RE/MAX Crest Realty

$1,069,000

108 E 8th Street 416, North Vancouver

2 Beds 2 Baths 939 SqFt Residential MLS® # R3056757

Oakwyn Realty Ltd.

$1,618,000

2035 Glenaire Drive 173, North Vancouver

4 Beds 4 Baths 1,603 SqFt Residential MLS® # R3056746

Sutton Group-West Coast Realty

$1,324,900

2045 Heritage Park Lane 211, North Vancouver

4 Beds 2 Baths 1,594 SqFt Residential MLS® # R3056736

Stilhavn Real Estate Services

$3,499,000

404 Somerset Street, North Vancouver

4 Beds 3 Baths 4,682 SqFt Residential MLS® # R3056725

Oakwyn Realty Ltd.

$3,999,000

1583 Bond Street, North Vancouver

0 Beds 0 Baths 3,042 SqFt Residential MLS® # R3056699

The Partners Real Estate

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